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HR 1600 106th Congress House

American Profit Sharing Act

Official title: To provide that Federal contracts and certain Federal subsidies shall be provided only to businesses which have qualified profit-sharing plans.

Introduced: May 6, 1999 See on congress.gov
Labor and Employment CommerceEconomics and Public FinanceEmployee stock optionsFederally-guaranteed loans
More subjectsShow fewer subjects
Finance and Financial SectorGovernment Operations and PoliticsGovernment contractorsGovernment lendingGrants-in-aidProfit sharingSmall businessSubsidies
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 1999
Referred to the Subcommittee on Employer-Employee Relations.
May 5, 1999
Referred to the Subcommittee on Government Management, Information and Technology.
Apr 28, 1999
Referred to the Committee on Government Reform, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 28, 1999
Introduced in House
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 Latest action May 21, 1999

Referred to the Subcommittee on Employer-Employee Relations.

 Plain-English summary Congressional Research Service

American Profit Sharing Act - Permits the provision of Federal contracts and certain Federal subsidies only to businesses which have a stock bonus or profit-sharing plan. Excepts start-up small businesses for one year unless such business has: (1) been in existence for at least ten prior years; (2) more than five full-time employees (or their equivalent) at any time during the year; and (3) a gross income exceeding $5 million.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 6
All 6 Democratic 4 Independent 1
D
Davis, Danny K.
Illinois · May 6, 1999
 D
Kaptur, Marcy
Ohio · May 5, 1999
CHRISTENSEN, DONNA
· Apr 28, 1999
 D
Meeks, Gregory W.
New York · Apr 28, 1999
 I
Sanders, Bernard
Vermont · Apr 28, 1999
 D
Thompson, Bennie G.
Mississippi · Apr 28, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1600: American Profit Sharing Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-1600/
MLA
"H.R. 1600: American Profit Sharing Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-1600/.
Bluebook (legal)
H.R. 1600, 106th Cong. (2026), https://openamerica.io/bill/106-HR-1600/.
Markdown link
[H.R. 1600: American Profit Sharing Act](https://openamerica.io/bill/106-HR-1600/)
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